Bitcoin [BTC] long liquidations soar as price crashes below $23k, more inside

Bitcoin’s latest pullback triggers heavy liquidation of leveraged long positions. According to the delta cap metric, Bitcoin’s macro bottom was looming. Bitcoin [BTC] has finally given in to capitulation after struggling to bounce off from support in the $23,000 range. A closer look at the dynamics of its latest bearish outcome revealed that long liquidations may […]

Is your portfolio green? Check out theBitcoin’s long liquidations metric soared in the last 24 hours, proving that there were a large number of leveraged positions. Liquidations surged by over 360% within a matter of hours and this might have contributed to more sell pressure. Bitcoin exchange reserves drew down slightly despite the price drop and liquidations.Bitcoin’s performance this week extended on the bearish momentum that prevailed since last week.

Traders should expect the next support range between the $21,500 – $22,000 price range If Bitcoin maintained its press time trajectory, which was also within the 0.382 Fibonacci zone. The next major support range after that was the $20,500 – $21,100 range.Bitcoin’s latest price crash is not surprising because the Federal Reserve may end up announcing an interest rate hike. Such an outcome would have a negative impact in the market, as has been the case in the past.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

CryptoAmb /  🏆 22. in CA

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

What these Bitcoin [BTC] metrics reveal about its current positionBitcoin’s performance in February reveals that investors are optimistic about long-term prospects. Bitcoin is off to a bullish start, but exchange inflows suggest that some more sell pressure may curtail the short-term rally. Bitcoin [BTC] just wound up the shortest month of the year above its end of January, close despite more uncertainty in February. […]
Lire la suite »

Bitcoin whales shrink assets- Here’s what to expect from BTC in MarchSome Bitcoin whales have reduced the number of coins they hold. A CryptoQuant analyst says the BTC price could trend lower in the short term. The number of addresses holding 1000 Bitcoin [BTC] has continued to decrease according to a recent update from Santiment. The on-chain analytics platform tweeted on the first day of March […]
Lire la suite »

Bitcoin sees a rise in new addresses as doubts around Silvergate impact BTCThe number of new Bitcoin addresses has hit a three-month high. However, concerns over Silvergate contributed to a drop of nearly 5% in the BTC price. Price fluctuations in Bitcoin [BTC] have been driven in the past by both individual and institutional investors. Recent developments, however, indicate that one party has far more sway than […]
Lire la suite »

Will BTC mining get more difficult? Here’s what this analyst saysBTC continued to push to break back into the $24,000 price region. BTC price trended above DRM as more miners joined the network. Although Bitcoin’s [BTC] price could not break over the $23,000 resistance zone, the network’s block production difficulty has continued to rise steadily. However, it had rebounded and was reattempting a test at […]
Lire la suite »

Cheaper and faster BTC payments: Xapo Bank integrates with the Lighting NetworkXapo Bank has partnered with Lightspark to integrate the Lightning Network into its banking services, enabling fast, low-fee Bitcoin payments.
Lire la suite »

Bitcoin [BTC] to not fall under ‘money’ in the U.S? According to…The state of South Dakota is attempting to redefine what constitutes money, focusing particularly on classifying cryptocurrencies. Reportedly, the move can be interpreted as a jab at Bitcoin. The state of South Dakota is attempting to redefine what constitutes money, with a particular focus on classifying cryptocurrencies. Bitcoin under fire According to the bill, titled […]
Lire la suite »